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Stock impact report

DTE Energy posts fall in fourth-quarter profit on lower rates [Yahoo! Finance]

DTE Energy Company (DTE) 
Last dte energy company earnings: 4/28 07:00 am Check Earnings Report
US:NYSE Investor Relations: ir.dteenergy.com
Company Research Source: Yahoo! Finance
Reuters Reuters Thu, February 13, 2025 at 1:44 PM GMT+1 1 min read In This Article DTE (Reuters) - DTE Energy reported a fall in fourth-quarter profit on Thursday, as the utility took a hit from lower pricing for electricity. Regulated utilities use rate-case proceedings to determine the amount customers need to pay for electricity and natural gas. DTE had filed one such rate case to help reduce the cost of producing electricity. The utility said it saved about $300 million in fuel and transportation costs after the rate case came into effect in November, but it also reduced the electricity rates for residential customers by roughly $5 a month. DTE provides electricity to 2.3 million customers in Southeast Michigan and natural gas to 1.3 million customers in Michigan. At the company's electric segment - its largest by income -operating earnings fell to $195 million during the October-December quarter from $244 million a year earlier. Meanwhile, operating earning Show less Read more
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